Hong Kong’s stock exchange operator reported its best half-year revenue on Wednesday (Aug 20), bolstered by a surge in initial public offerings and trading activity. The Chinese finance hub has …
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Hong Kong exchange posts record revenue on listing boom
Hong Kong Regains IPO Crown as Exchange Operator Posts Record Earnings — Update
That helped power a 41% jump in HKEX’s net profit for the second quarter. Net profit hit a record HK$4.44 billion, equivalent to US$569.3 million, beating the HK$4.10 billion consensus estimate of …
China’s Baidu revenue drops as AI returns fail to offset ad decline
(Reuters) -Chinese search engine company Baidu on Wednesday reported a drop in second quarter revenue as its core advertising business struggled amid China’s economic slowdown, while returns from AI …
Apple contractor Foxconn ramps up hiring at China factories ahead of iPhone 17 launch
New recruits who stay at the factory for three months qualify for a bonus of up to US$1,113, a significant hike from early July.
US Allies Send Warships to Contested Waters Claimed by China
Since 2023, Manila has stepped up its pushback against China’s expanding presence within its maritime zone, at times leading to clashes and raising concerns an incident could trigger the …
Shein Reportedly Considers Moving HQ Back to China For Hong Kong IPO
The fast-fashion company has struggled to find a sound landing place for an IPO. A move back to China could be an answer.
China’s Xi makes a rare visit to Tibet to mark 60 years of contested rule there
Chinese leader Xi Jinping has made a rare visit to Tibet to mark the 60th anniversary of the consolidation of Beijing’s long-contested rule over the Himalayan territory.
China Teases Glimpse of Advanced New Weaponry at Military Parade
China said that it will show off new weapons at a military parade next month, potentially giving rivals like the US a first chance to see what hardware the Asian nation is ready to field.
China’s could give green light on yuan-pegged stablecoins as early this month
China is preparing to lift its long-standing crypto ban by legalizing yuan-pegged stablecoins before the end of August, according to Reuters. This would be the first time the country allows any form …
China to reportedly launch stablecoins to challenge dollar dominance
China is reportedly considering allowing the usage of yuan-backed stablecoins for the first time, as per a latest Reuters report. This is a developing story.
China may approve yuan-backed stablecoins amid fears of dollar-powered tokens
China considers approving yuan-backed stablecoins to boost global yuan adoption and compete with US dollar-powered stablecoins.
Breaking: China Considers Yuan-Backed Stablecoins to Rival Dollar Dominance
China is reportedly set to review and possibly approve the issuance of Yuan stablecoins to boost global adoption and compete with the dollar.
New Chinese car brand Xiaomi expected to launch in Europe by 2027
Xiaomi (pronounced shau-mi) is expected to launch electric vehicle sales in Europe by 2027 following the launch its its YU7 luxury SUV. The Beijing-based business is better known as the third largest …
